New tax act targets fairness, won’t hinder investment —Oyedele

By Providence Ayanfeoluwa

Chairman of the Presidential Committee connected Fiscal Policy and Tax Reforms, Taiwo Oyedele, has assured that the caller Tax Reform Act is designed to beforehand fairness and sustainability without discouraging investments.

Speaking astatine a forum organised by the Nigerian Exchange Limited (NGX) to sensitise stakeholders connected the implications of the 30 per cent Capital Gains Tax (CGT), Oyedele explained that the Act seeks to make a transparent and sustainable taxation environment.

“The Reform Act is not to stifle investments but to guarantee equity. Platforms similar NGX let america to prosecute stakeholders, clarify provisions, and incorporated feedback into implementation,” helium said.

The NGX, successful turn, reassured investors that it remains committed to safeguarding Nigeria’s concern entreaty arsenic the caller Act takes effect successful January 2026.

The high-level dialogue, held virtually, brought unneurotic policymakers, issuers, regulators, investors, and marketplace intermediaries to analyse the provisions of the CGT and align them with planetary standards.

Stakeholders, however, raised concerns astir implementation, peculiarly issues astir determining basal costs and attraction of cross-listed securities, which could make compliance difficulties and risks of treble taxation.

Group Chairman of NGX Group, Alhaji Umaru Kwairanga, said the Exchange volition proceed to span the spread betwixt argumentation and marketplace realities.

 “Policy shifts indispensable beryllium good understood to sphere confidence. Our relation is to facilitate this engagement to guarantee reforms enactment sustainable growth,” helium stated.

From the marketplace perspective, Group Managing Director/CEO of NGX Group, Temi Popoola, stressed the request for resilience. He said: “Fiscal reforms rise valid concerns for issuers and investors. Our work is to guarantee the marketplace adapts portion remaining charismatic and forward-looking.”

Participants described the dialog arsenic timely and constructive, praising NGX for its enactment successful convening stakeholders and fostering solutions-driven engagement.

The station New taxation enactment targets fairness, won’t hinder concern —Oyedele appeared archetypal connected Vanguard News.